Target Information Asymmetry and Takeover Strategy: Insights from a New Perspective

2016 ◽  
Author(s):  
Paul Borochin ◽  
Chinmoy Ghosh
Keyword(s):  
Information Asymmetry ◽  
Target Information ◽  
New Perspective

Target information asymmetry and takeover strategy: Insights from a new perspective

2018 ◽  
Author(s):  
Paul Borochin ◽  
Chinmoy Ghosh ◽  
Di Huang
Keyword(s):  
Information Asymmetry ◽  
Target Information ◽  
New Perspective

scholarly journals Online Reviews Matter: How Can Platforms Benefit from Online Reviews?

2019 ◽  
Vol 11 (22) ◽  
pp. 6289 ◽  
Author(s):  
Du ◽  
Dong ◽  
Li ◽  
Jia ◽  
Chen
Keyword(s):  
Sustainable Development ◽  
Information Asymmetry ◽  
Online Reviews ◽  
Network Externality ◽  
Online Review ◽  
Theoretic Model ◽  
High Quality ◽  
Game Theoretic ◽  
Game Theoretic Model ◽  
New Perspective

Online reviews mitigate uncertainty about product quality that is caused by information asymmetry. However, low-quality online reviews are not effective, while high-quality online reviews may raise costs. Unlike the previous studies, this paper develops a game-theoretic model to examine the feasibility and pricing of online review supervision mechanism for operators of platforms that are based on the ‘network externality’. The results reveal that platforms are not always benefited from online reviews. We provide a new perspective and give some preventive suggestions for platforms with a view to furthering sustainable development.

scholarly journals Laporan Keuangan Perspektif SIRI

Owner ◽  
2022 ◽  
Vol 6 (1) ◽  
pp. 56-71
Author(s):  
Chairul Iksan Burhanuddin ◽  
Fifi Nur Afifah Ibrahim ◽  
Burhanuddin Burhanuddin
Keyword(s):  
Literature Review ◽  
Information Asymmetry ◽  
Qualitative Method ◽  
Financial Statements ◽  
Financial Reports ◽  
The Future ◽  
New Perspective ◽  
Study Offer ◽  
The Way

In order to provide information and make choices, financial reports are delivered to relevant parties. However, because there are so many parties interested in the financial accounts, there is a lot of information asymmetry in the process of presenting them. In order for the information to be used as a firm foundation for internal and external parties, a new perspective is required in the process of presenting financial statements. In order to interpret the meaning of the SIRI perspective financial statements, this study used a qualitative method that was supplemented by a literature review. So that a conclusion regarding the presentation of fresh financial statements can be formed. The findings of this study offer a framework for presenting financial statements from four different perspectives: spiritual Integrity, Reso', and ininnawa. With the goal that these four viewpoints will influence the way financial statements are presented. And, in the future, bring benefits to both internal and external parties.

scholarly journals Ethics, Adverse Selection, Target Method of Sale Strategies, and Akerlof’s “Lemons” Problem

2021 ◽  
Vol 10 (3) ◽  
pp. 1
Author(s):  
Carol L. Cain ◽  
Gary M. Fleischman ◽  
Antonio J. Macias ◽  
Juan Manuel Sanchez
Keyword(s):  
Information Asymmetry ◽  
Adverse Selection ◽  
Positive Relationship ◽  
Merger And Acquisition ◽  
Business And Society ◽  
Target Information ◽  
Market For Lemons ◽  
Strong Positive Relationship ◽  
The Cost ◽  
Lemons Problem

This study examines the acquisition dynamics associated with the target management’s choice to initiate the sale of the firm using the auction method. Specifically, we examine opportunistic merger and acquisition (M&A) dynamics related to the target-initiated method-of-sale decision (auctions vs. one-on-one negotiations), as a noteworthy example of Akerlof’s (1970) theory of the market for lemons. While we find a strong positive relationship between proxies of adverse selection risk and the likelihood of target initiation, robustness tests suggest target initiation itself is a unique indicator of information asymmetry in an acquisition environment. We also find that most target-initiated transactions follow an auction as the method of sale, which increases target information asymmetry advantages. While wealth accrued to both bidders and targets increases in non-target-initiated auctions, this benefit disappears when the target initiates the acquisition, causing both bidders and targets to suffer wealth losses. According to Akerlof’s theory, these wealth losses represent the cost of perceived dishonesty due to enhanced adverse section risk, which provides noteworthy implications for both business and society.

Target Information Asymmetry and Acquisition Price

2016 ◽  
Vol 43 (7-8) ◽  
pp. 976-1016 ◽  
Author(s):  
Peter Cheng ◽  
Lin Li ◽  
Wilson H.S. Tong
Keyword(s):  
Information Asymmetry ◽  
Target Information ◽  
Acquisition Price

EXPRESS: When the Honeymoon is Over: A Theory of Relationship Liabilities and Evolutionary Processes

2021 ◽  
pp. 002224292110622
Author(s):  
Danielle A. Chmielewski-Raimondo ◽  
Ali Shamsollahi ◽  
Simon J. Bell ◽  
Jan B. Heide
Keyword(s):  
Information Asymmetry ◽  
Information Sharing ◽  
Initial Conditions ◽  
Governance Mechanisms ◽  
Evolutionary Processes ◽  
Passive Learning ◽  
New Perspective

We draw on the sociological theories of the “liability of newness” and the “liability of adolescence” to generate new insights into relationship evolution. First, we show how a new relationship during its “honeymoon” exhibits a unique constellation of two conditions, namely information asymmetry and forbearance. Next, we explain how a relationship evolves along two processes that involve passive learning and decay, respectively. In themselves, these processes will move a relationship towards a long-term “transactional” state and possibly termination, but the processes can also be actively shaped using governance mechanisms of various kinds. The latter, however, requires a nuanced account of types of governance mechanisms and the particular conditions they are intended to induce. We consider how the general mechanisms of (1) incentives and (2) information sharing can be deployed in standardized or customized fashions, respectively. Next, we suggest how different manifestation of governance mechanisms impact a relationship’s underlying evolutionary processes and evolved relationship states. In general, our framework represents a new perspective on relationship evolution; one that involves the purposeful management of initial conditions and their related evolutionary processes.

Central Hub M&A Advisors

2021 ◽  
Author(s):  
Alfred Yawson ◽  
Huizhong Zhang
Keyword(s):  
Information Asymmetry ◽  
Abnormal Returns ◽  
Investment Banks ◽  
Specific Information ◽  
Equity Issuance ◽  
Target Information ◽  
Information Advantage ◽  
Central Network

Abstract We examine how an M&A advisor’s position in the network of investment banks affects its ability to create value for acquirers in takeover transactions. We show that acquirers enlisting the services of more centrally positioned M&A advisors enjoy higher announcement abnormal returns and pay lower takeover premiums. Consistent with the idea that central network positions convey an information advantage, we find that the effects are stronger for acquirers facing greater target information asymmetry and for M&A advisors depending more on networks for target-specific information. The information advantage primarily comes from network contacts that had previously assisted the targets in equity issuance. Centrally positioned advisors charge premium fees; network banks appear to enjoy a significant advantage in the competition for future co-advisory appointments.

SREM observation of the interaction between the in-situ deposited Pd small particles and MgO cleavage surface

1986 ◽  
Vol 44 ◽  
pp. 382-383
Author(s):  
H.-J. Ou
Keyword(s):  
Electron Microscopy ◽  
Small Particle ◽  
Small Particles ◽  
Cleavage Surface ◽  
Metallic Particles ◽  
Microscopy Technique ◽  
Ceramic Surfaces ◽  
Reflection Electron Microscopy ◽  
New Perspective

The understanding of the interactions between the small metallic particles and ceramic surfaces has been studied by many catalyst scientists. We had developed Scanning Reflection Electron Microscopy technique to study surface structure of MgO hulk cleaved surface and the interaction with the small particle of metals. Resolutions of 10Å has shown the periodic array of surface atomic steps on MgO. The SREM observation of the interaction between the metallic particles and the surface may provide a new perspective on such processes.

Articulation Training: A New Perspective

1979 ◽  
Vol 10 (3) ◽  
pp. 145-151 ◽  
Author(s):  
Sallie W. Hillard ◽  
Laura P. Goepfert
Keyword(s):  
Life Experience ◽  
Remediation Measures ◽  
New Perspective

This paper describes the concept of teaching articulation through words which have inherent meaning to a child’s life experience, such as a semantically potent word approach. The approach was used with six children. Comparison of pre/post remediation measures indicated that it has promise as a technique for facilitating increased correct phoneme production.

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